Hans Sterte, chief investment officer of Sweden’s biggest pension fund Alecta, has resigned, a spokesman for the occupational pension provider has confirmed.
Sterte, who came to Alecta early in 2018, is to leave on 11 November when his notice period expires.
“We have already started the process of finding his replacement and in the meantime – from November – our chief executive officer [Magnus Billing] will be acting CIO,” the Alecta spokesman said.
Sterte, who previously worked at Länsförsäkringar and Skandia, told Swedish pensions news service Pensionsnyheterna that after 20 years in the role of asset manager with personnel responsibility, he wanted a freer role.
“I can imagine working in my own business and being able to be a senior adviser and maybe sit on a few boards,” he said in the interview. He said he had received some requests for assignments, but that this was not something he wanted to talk about now.
However, he emphasised that he was not going to retire at this point, saying “I’m far too young for that. Working gives me energy.” According to Pensionsnyheterna, Sterte turned 61 in March.
In mid-August, it was announced that Alecta’s head of international real assets Frans Heijbel was leaving to become managing director, strategy and mergers and acquisitions at European residential property giant Heimstaden.
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